Clews R.J. Project Finance for the International Petroleum Industry

Academic Press, 2016, London — 416 p. ISBN: 978-0-12-800158-5This book is about raising finance for the international petroleum industry, an industry that represents one of the most important sectors in the modern world’s economy. The activities of the petroleum industry span the globe and many of its products have become essential for modern society. At its core, the industry is about providing energy in the form of fuels, especially for transportation and electrical power generation. The goal of this book is to examine how the industry raises capital to grow on a global scale. More specifically, this book will explore how and why the industry uses project finance techniques to raise funding for its investment projects.
Project finance is a method of funding whereby investors and lenders rely on the cashflows of a particular project to provide investment returns and to service debt. Project finance is used to fund projects in a variety of sectors and a major aim of this book is to demonstrate the flexibility of this method of raising capital and to show how this flexibility can be used to fund projects throughout the petroleum industry value chain.